Autonomous Mobile Robots Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??Posted by Mrudula Anil Karmarkar on May 4th, 2023 The global autonomous mobile robots market size is expected to reach USD 9.56 billion by 2030 and is expected to expand at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Autonomous mobile robots (AMRs) have triggered a paradigm shift in the way tasks, such as material picking, handling, and sorting, that are commonly associated with manufacturing and distribution are performed. These robots can ensure the reliable handling of raw materials and manufactured items within distribution and production facilities, thereby eliminating disruptions in operations. These robots are typically equipped with different sensors, such as LiDAR sensors, to navigate equipment and worker safety. For instance, in May 2022, Qualcomm introduced the Robotics RB6 platform, a high-end hardware development kit that can serve as the brains for commercial drones, autonomous robots, and delivery robots. It also unveiled a brand-new RB5 reference design, based on the RB5 platform used in millions of systems, that includes all the hardware and sensors needed to develop AMRs. Manufacturing and distribution facilities aggressively deploy material handling automation systems for tasks such as picking & packing, moving and sorting items. Incumbents of the transportation & logistics industry are leading the deployment of AMRs to boost production and distribution operations, in line with the increasing demand. With the fast-developing e-commerce business driving direct delivery trends, order fulfillment productivity has become a priority for warehouse operators. AMRs benefit warehouse operators by reducing the workload for order pickers and improving safety by eliminating forklift accidents and musculoskeletal diseases. For instance, in December 2021, at the India Warehousing Show (IWS), Addverb Technologies Private Limited, a worldwide robotics business, announced the introduction of Veloce, a multi-carton picking mobile robot. The new picking robot boosts storage efficiency by increasing capacity and utilizing vertical spaces, enabling clients to save vital costs on warehouse space and associated pricey rentals. The AMR market can be described as highly competitive, and robot manufacturers are pursuing various strategic initiatives to gain a competitive edge. North America region is expected to hold a significant market share of total global revenues, owing to the presence of leading providers of AGV and Autonomous Mobile Robots. European and Asian AMR manufacturers continue to increase their operations in the region. Furthermore, increased government, private sector, and academic investments in innovation and R&D on developing technologies linked to surveillance robots are likely to enhance the market in the area. For instance, in January 2021, according to the senior manager of Universal Robots A/S’s strategic marketing and application development, companies of all sizes are figuring out a way to regain total production while maintaining social distancing alongside the class of robots that can work in any environment. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/autonomous-mobile-robots-market/request/rs1 Autonomous mobile robots pick, transport, and sort items within manufacturing and distribution facilities without manual intervention. AMRs leverage vision cameras, onboard sensors, and facility maps integrated with the warehouse execution software (WES) to perform various operations, such as moving raw materials and manufactured goods within the facility. AMRs are highly preferred owing to their myriad benefits, such as preventing product damage, reducing labor costs, enhancing productivity, and automating processes. Incumbents of several industries and industry verticals, including transportation & logistics, automotive, and food & beverages, are already reaping the benefits of adopting AMRs. For instance, in July 2021, Reply, a consulting, system integration, and digital services provider announced the launch of solution architecture for AMRs on Microsoft Azure. The solution empowers unique business applications across industries, minimizes costs, and offers fast implementation of robotics use cases as per customer requirements. Autonomous Mobile Robots Market Report Highlights
Warehousing and retailing companies collaborate with technology companies and automation solution providers to transform their material handling operations. For instance, in June 2021, DHL Supply Chain and Locus Robotics agreed to procure 2,000 AMRs by the end of 2022. As of September 2022, Locus Robotics announced that the company's current investor, Tiger Global Management, committed USD 50 million. Besides, on 9th August 2022, a forklift manufacturer, Linde, adopted IDEALworks' autonomous logistics technology and now offers the iw.hub mobile robot as part of its service through Anyfleet, the leading cloud platform. With this collaboration, Linde and IDEALwork have found a new avenue for collaborating with their partners. Furthermore, giant e-commerce companies continue acquisitions of autonomous robot vendors to proliferate their warehouse operations. For instance, the ABB Group announced the acquisition of ASTI Mobile Robotics Group, a manufacturer of autonomous mobile robots (AMRs) with applications across a broad range of critical applications based on the company's software suites. Consequently, ABB will be able to offer a broader range of robotics and automation products, making it the only company to do so for the upcoming generation of flexible automation. In March 2021, The Toro Company, a manufacturer of innovative landscaping, turf, rental, and construction equipment, announced the acquisition of Left Hand Robotics, Inc. The acquisition contributes to The Toro Company's objective of being a pioneer in next-generation technologies such as alternative energy, smart linked, and autonomous products. List of Key Players of Autonomous Mobile Robots Market
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